Research with cord-blood stem cells and adult stem cells are chock full of promise. A number of successes have already been achieved... real cures, as opposed to those that are merely theoretical, pie-in-the-sky fantasies.
Embryonic stem cell research: no successes. Zilch. Nada. The problems controlling the growth of these cells in the lab are proving to be insuperable. In my opinion, this is poetic justice for those scientists and their supporters who have so cavalierly brushed aside the ethical and moral questions about conducting such research.
More money won't overcome these problems. Government funds would be far more wisely spend on cord-blood and adult stem cell research.